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Bansal Wire Industries

BANSALWIRE NSE
₹59.68 −0.34 (−0.57%)
P/E
29.84
View as Markdown
MCP
Close 4 Nov 2026 ₹59.68 −3.36 −5.33% 1Y
Start ₹63.04

Key Fundamentals

Microcap

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.80%
Debt to Equity
0.22
EPS (TTM)
₹2.00
Book Value
₹19.22
Market Cap
—
P/E (TTM)
29.84
P/B
3.11
ROE
12.10%
Dividend Yield
0.00%
EBITDA
₹324 Cr
52W High
₹74.00
52W Low
₹44.50
Day Range
₹58.62 – ₹60.28
Volume
1,53,932

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Bansal Wire Industries peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Bansal Wire Industries (this company)
₹59.6829.84₹4,639 Cr3.110.00%12.10%13.80%₹4,641 Cr₹156 Cr
Median 8 companies₹880.2829.68₹16,390 Cr3.920.39%13.85%18.05%₹10,971 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
61
Good
Returns, margins, earnings quality 22% weight
Valuation
45
Average
Cheap vs sector & own history 24% weight
Growth
55
Good
Sales & profit trajectory 9% weight
Financial Health
41
Weak
Solvency, leverage, coverage 9% weight
Momentum
35
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

2
  • Stock is trading at 3.10 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1162
OscillatorsBearish360
Moving AveragesStrong Bearish802

Key readings

RSI (14)
45.55
Neutral
MACD (12,26,9)
−1.18
Bearish
SMA (50)
62.37
Bearish
SMA (200)
59.90
Bearish

As of

Analyst Rating

Based on 2 analysts
TIED50%

1 of 2 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
1
50%
HOLD
1
50%
SELL
0
0%

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
3Y+19.91%
1Y+18.59%
TTM+20.26%

Net profit

Net profit growth by window
3Y+38.96%
1Y+10.27%
TTM+2.63%

Operating cash flow

Operating cash flow growth by window
3Y+47.87%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y+3.10 pp
1Y−0.13 pp
TTM−0.60 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2022₹2,197 Cr
Mar 2023₹2,412 Cr
Mar 2024₹2,466 Cr
Mar 2025₹3,507 Cr
Mar 2026₹4,159 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2022₹57.00 Cr
Mar 2023₹60.00 Cr
Mar 2024₹75.00 Cr
Mar 2025₹146 Cr
Mar 2026₹161 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹367 Cr +13.3% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Bansal Wire Industries is a mid-cap industrial wire manufacturer with a market cap of ₹5,656 Cr, trading at a PE of 35.6x and 4x book value. Revenue grew 42% YoY in FY25 to ₹3,507 Cr with net profit of ₹146 Cr, while the company is investing ₹550-600 Cr in capacity expansion from 2.4 lakh MTPA to 6 lakh MTPA targeting 10% market share by FY28.

Bull Case 8
  • Strong revenue growth with FY25 sales at ₹3,507 Cr, up 42% YoY from ₹2,466 Cr in FY24, and TTM sales growth of 19%
  • Aggressive capacity expansion from 2.4 lakh MTPA to 6 lakh MTPA with ₹550-600 Cr investment, with additional 1.2 lakh tons to be commissioned by Q2 FY26 taking total to 6.7-6.8 lakh tons
  • Compounded profit growth of 40% CAGR over 3 years demonstrates strong earnings momentum from a low base
  • Company targeting 25-30% volume growth in FY26 with FY26 revenue already at ₹4,160 Cr, and aiming for 10% market share by FY28 from current levels
  • Operating profit margin improved from 5.85% in FY24 to 7.64% in FY25, indicating better pricing power and product mix shift toward value-added products
  • Q4 FY25 showed strong momentum with revenue up 33% YoY to ₹940 Cr and EBITDA up 59% YoY to ₹75 Cr
  • New steel tyre cord business could generate up to ₹3,000 Cr in revenue over next 5-7 years, opening a high-margin product vertical
  • 9-month FY26 sales volume at 3,40,411 MT already approaching full-year FY25 volume of 3,44,710 MT, indicating strong volume ramp-up
Bear Case 8
  • Stock trades at 4.01x book value and 35.6x PE, which is expensive for an industrial wire company with net profit margins of only 4.2% in FY25
  • Zero dividend payout despite reporting repeated profits across all years from FY20 to FY26, offering no income return to shareholders
  • Net profit margin remains thin at 4.2% in FY25, and interest costs rose sharply from ₹28.8 Cr in FY24 to ₹37.8 Cr in FY25 to ₹56.4 Cr in FY26 as debt funds expansion
  • ROE has declined from 15% (3-year average) and 16% (5-year average) to 12% in the last year, indicating returns on equity are compressing even as the company scales
  • Stock price has delivered -4% returns over 1 year, underperforming despite strong operational growth, suggesting market skepticism about valuations
  • Depreciation nearly doubled from ₹30 Cr in FY25 to ₹57 Cr in FY26 as new capacity comes online, pressuring near-term EPS growth
  • Wire manufacturing is a commoditized, low-margin business with operating margins of only 7-8%, leaving limited pricing power in a downturn
  • Tax rate volatility with FY25 at 30.4% versus FY26 at 22.2% flatters recent profit growth; normalization could compress earnings

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Bansal Wire is making progress on product diversification with a trial order for Steel Tyre Cord from a major tyre maker, which could open a new revenue stream. The promoter stake sale is regulatory in nature and not a sentiment concern. No material headwinds are visible in recent news flow. The near-term trend is mildly positive, contingent on conversion of the trial order into a commercial supply agreement.

Positives 1
  • Trial order for Steel Tyre Cord Jun 13

    Bansal Wire secured a trial purchase order for Steel Tyre Cord from a leading tyre manufacturer after successful sample evaluation, signaling potential entry into a new high-value product segment.

Neutral 2
  • Promoter selling 2.99% stake Jun 24

    Promoter Mrinaal Mittal plans to sell up to 46,82,916 shares (2.99% stake) by Aug 31, 2026, to meet minimum public shareholding norms. Sale window opens Jun 25, 2026.

  • No share encumbrance in FY26 Jun 29

    Bansal Wire confirmed that none of the 51 promoter group entities encumbered shares during FY26, indicating clean promoter holdings.

Quarterly Results

₹ Cr
BANSALWIRE quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
603
606
709
817
825
925
940
939
1,055
1,029
1,136
1,168
1,308
Expenses
567
570
663
756
762
853
871
867
979
944
1,060
1,112
1,204
Operating Profit
36
36
46
61
64
72
70
72
77
85
76
56
105
OPM %
6%
6%
6%
7%
8%
8%
7%
8%
7%
8%
7%
4.8%
8%
Other Income
5
1
1
1
4
1
3
3
5
0
3
0
0
Interest
6
7
9
12
6
7
11
12
16
15
14
15
18
Depreciation
2
3
6
5
6
8
11
12
15
15
15
15
15
PBT
32
27
32
44
57
58
51
50
51
56
50
26
72
Tax %
44%
43%
23%
29%
30%
28%
35%
21%
25%
23%
20%
21%
26%
Net Profit
18
15
24
32
40
42
33
39
38
43
40
20
53
EPS (₹)
0.28
0.23
0.37
0.47
0.51
0.53
0.42
0.5
0.49
0.55
0.51
0.26
0.68

Profit & Loss

₹ Cr
BANSALWIRE profit and loss, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,197
2,412
2,466
3,507
4,159
4,641
Expenses
2,091
2,307
2,321
3,241
3,849
4,319
Operating Profit
106
105
144
266
310
323
OPM %
4.8%
4.4%
6%
8%
7%
7%
Other Income
7
10
8
9
10
4
Interest
27
24
29
35
56
62
Depreciation
8
9
13
30
57
61
PBT
78
82
110
210
207
204
Tax %
27%
27%
32%
30%
22%
—
Net Profit
57
60
75
146
161
157
EPS (₹)
0.9
0.94
1.16
1.85
2.06
2
Div. Payout %
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
BANSALWIRE balance sheet, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
9
9
64
78
78
78
Reserves
214
273
359
1,191
1,352
1,426
Borrowings
413
422
681
608
555
335
Other Liabilities
59
44
160
291
532
786
Total Liabilities
695
749
1,264
2,168
2,517
2,626
Fixed Assets
116
116
229
693
831
884
CWIP
0
38
212
178
214
198
Investments
23
23
1
1
1
1
Other Assets
557
573
821
1,296
1,471
1,543
Total Assets
695
749
1,264
2,168
2,517
2,626

Cash Flow

₹ Cr
BANSALWIRE cash flow, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−12
103
−541
−153
333
Investing
−19
−87
−496
−444
−223
Financing
30
−15
1,038
597
−110
Net Cash Flow
0
0
2
0
0
Free Cash Flow
−30
15
−1,033
−612
103
CFO/EBITDA
5
127
−361
−35
120

Ratios

BANSALWIRE financial ratios, annual
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
41
38
53
50
52
Inventory Days
55
45
58
86
81
Days Payable
4
2
11
25
42
Cash Conversion Cycle
92
81
100
110
91
Working Capital Days
35
40
42
59
49
ROCE %
—
16%
15%
16%
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bansal Wire Industries insights

60 extracted metrics across FY16–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • DIIs 14.83%
  • Others 4.02%
  • Public 3.60%
  • FIIs 2.55%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Bansal Wire Industries

What does Bansal Wire Industries Ltd do?
Incorporated in 1985, Bansal Wire Industries Ltd manufactures and sells wires of multiple varieties
Where is Bansal Wire Industries Ltd (BANSALWIRE) listed?
Bansal Wire Industries Ltd trades as BANSALWIRE on the NSE and under code 544209 on the BSE.
Which sector does Bansal Wire Industries Ltd belong to?
Bansal Wire Industries Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the PE ratio of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd trades at a PE ratio of 29.84 as of 4 Nov 2026, on earnings per share of ₹2, against a book value of ₹19.22 per share.
What is the 52-week high and low of Bansal Wire Industries Ltd?
Over the last 52 weeks Bansal Wire Industries Ltd has traded between ₹44.5 and ₹74 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd reported a return on equity of 12.10%. Its debt-to-equity ratio is 0.22.

Company Information

Incorporated in 1985, Bansal Wire Industries Ltd manufactures and sells wires of multiple varieties

Website bansalwire.com
CEO Mr. Arun Gupta
Employees 2,448
Listed 10 Jul 2024
Face Value ₹1

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